Hospital Construction in the US - Industry Market Research Report

Hospital Construction in the US - Industry Market Research Report

Hospital Construction in the US

The industry has encountered challenging conditions, with revenue falling at a CAGR of 1.2% to $28.5 billion over the past five years, despite a bump of 4.9% in 2023 alone. Hospitals have met a high degree of fiscal uncertainty via to the whittling down of the Patient Protection and Affordable Care Act (PPACA) from the prior administration, while a renewed focus on it by the Biden administration has already boosted the number of health-insured consumers, bolstering demand for hospital construction. From legislative hurdles to the global pandemic outbreak causing construction stoppages amid a surge in demand for hospital capacity, the industry has endured significant volatility.

This industry includes operators that engage in new work, additions and reconstruction projects for both private and public hospital construction projects. This industry excludes the construction of nonhospital medical buildings and special-care buildings.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.